MIRA INFORM REPORT

 

 

Report No. :

506270

Report Date :

26.04.2018

 

 

IDENTIFICATION DETAILS

 

Name :

SAPPI  EUROPE  SA

 

 

Registered Office :

Chaussée De La Hulpe 166, 1170 Watermael-Boitsfort

 

 

Country :

Belgium

 

 

Financials (as on) :

30.09.2016

 

 

Date of Incorporation :

12.03.1993

 

 

Com. Reg. No.:

449654386

 

 

Legal Form :

Public Limited Company

 

 

Line of Business :

Wholesale of office and school supplies

 

 

No. of Employees :

66

 

 

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January 2017)

 

MIRA’s Rating :

C

 

Credit Rating

Explanation

Rating Comments

C

Medium High Risk

Business dealings permissible preferably on secured basis

 

Status :

Moderate

 

 

Payment Behaviour :

Slow 

 

 

Litigation :

Clear

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List

 

Country Name

Previous Rating

(30.09.2017)

Current Rating

(31.12.2017)

Belgium

A2

A2

 

Risk Category

 

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderately Low Risk

 

B1

Moderate Risk

 

B2

Moderately High Risk

 

C1

High Risk

 

C2

Very High Risk

 

D

 

 

BELGIUM - ECONOMIC OVERVIEW

 

Belgium’s central geographic location and highly developed transport network have helped develop a well-diversified economy, with a broad mix of transport, services, manufacturing, and high tech. Service and high-tech industries are concentrated in the northern Flanders region while the southern region of Wallonia is home to industries like coal and steel manufacturing. Belgium is completely reliant on foreign sources of fossil fuels, and the planned closure of its seven nuclear plants by 2025 should increase its dependence on foreign energy. Its role as a regional logistical hub makes its economy vulnerable to shifts in foreign demand, particularly with EU trading partners. Roughly three-quarters of Belgium's trade is with other EU countries, and the port of Zeebrugge conducts almost half its trade with the United Kingdom alone, leaving Belgium’s economy vulnerable to the outcome of negotiations on the UK’s exit from the EU.

Belgium’s GDP grew by 1.7% in 2017 and the budget deficit was 1.5% of GDP. Unemployment stood at 7.3%, however the unemployment rate is lower in Flanders than Wallonia, 4.4% compared to 9.4%, because of industrial differences between the regions. The economy largely recovered from the March 2016 terrorist attacks that mainly impacted the Brussels region tourist and hospitality industry. Prime Minister Charles MICHEL's center-right government has pledged to further reduce the deficit in response to EU pressure to decrease Belgium's high public debt of about 104% of GDP, but such efforts could also dampen economic growth. In addition to restrained public spending, low wage growth and higher inflation promise to curtail a more robust recovery in private consumption.

The government has pledged to pursue a reform program to improve Belgium’s competitiveness, including changes to labor market rules and welfare benefits. These changes have generally made Belgian wages more competitive regionally, but risk worsening tensions with trade unions and triggering extended strikes. In 2017, Belgium approved a tax reform plan to ease corporate rates from 33% to 29% by 2018 and down to 25% by 2020. The tax plan also included benefits for innovation and SMEs, intended to spur competitiveness and private investment.

 

Source : CIA

 

Company summary                        

 

Business  number

449654386

Branche  Unit  Number

2061626320

Company  name

SAPPI  EUROPE  SA

Address

CHAUSSÉE  DE  LA  HULPE  166

 

1170 WATERMAEL-BOITSFORT

Date  of  establishment

12/03/1993

Telephone  number

3238906341

Mobile  number

-

Fax  number

026769660

Liable  for  VAT

yes

VAT  Number

BE.0449.654.386  Check  VAT  number

 

 

Commentary

 

The  business  was  established  over  25  years  ago.

The  business  has  66  employees.

The  business  is  part  of  a  group.

The  business  has  been  at  the  address  for  over  5  years.

Operating  Result  in  the  latest  trading  period  decreased  144%  on  the  previous  trading  period.

Pre-tax  profits  decreased  by  269%  compared  to  the  previous  trading  period.

The  business  saw  a  decrease  in  their  Cash  Balance  of  98%  during  the  latest  trading  period.

Net  Worth  is  a  negative  amount  during  the  latest  trading  period.

 

Working  Capital  is  a  negative  amount  during  the  latest  trading  period.

 

ANNUAL ACCOUNTS

 

DATE  OF  LATEST  ACCOUNTS

TURNOVER

PROFIT  BEFORE  TAX

NET  WORTH

WORKING  CAPITAL

30/09/2016

2,083,014,592

-3,048,240

-102,550,138

-101,938,620

30/09/2015

2,126,068,461

1,802,558

-100,289,170

-102,680,956

30/09/2014

1,723,279,753

-8,661,430

-104,691,831

-107,668,666

Accounts

 

 

 

 

DATE  OF  LATEST  ACCOUNTS

BALANCE  TOTAL

NUMBER  OF  EMPLOYEES

CAPITAL

CASHFLOW

30/09/2016

131,993,482

66

15,130,751

-706,046

30/09/2015

116,230,465

65

15,130,751

8,011,842

30/09/2014

112,421,610

70

15,130,751

5,428,144

 

PAYMENT EXPECTATIONS

 

Past  payments

 

Payment  expectation  days

21.45

Industry  average  payment

173.11

Industry  average  day  sales

148.63

expectation  days

 

outstanding

 

Day  sales  outstanding

19.94

 

 

Court  data  summary

 

BANKRUPTCY  DETAILS

Court  action  type

no

 

PROTESTED  BILLS

Bill  amount

-

 

NSSO  DETAILS

Date  of  summons

02/12/1999

 

 

Company  information

 

Business  number

449654386

Company  name

SAPPI  EUROPE  SA

Fax  number

026769660

Date  founded

12/03/1993

Company  status

active

Company  type

Public  limited  company

Currency

Euro  (€)

Date  of  latest  accounts

30/09/2016

Activity  code

46492

Number  of  staff

66

Activity  description

Wholesale  of  office  and school  supplies

 

 

Belgian  Bullettin  of  Acts Publications

moniteur  belge

 

 

 

 

Contractor details

 

Registered  contractor

-

number

 

Contractor  description

-

Date  struck  off  register

 

Personnel  (NSSO  classification)

 

Code

-

Description

-

Joint  Industrial  Committee  (JIC)

 

JIC  Code

100

Description

Additional  joint  committee  for  labourers

category

 

JIC  Code

218

Description

Additional  national  joint  committee  for  the  employees

category

 

 

 

Significant Events

 

Event  Date

17/03/2015

Event  Description

 

Event  Details

Neerlegging  van  de  éénparige  schriftelijke  besluiten  van  de  aandeelhouders  genomen  op  11-3-2015

 

overeenkomstig  artikel  556  van  het  Wetboek  van  vennootschappen.

 

 

Financials

 

COMPANY ACCOUNTS

 

Assets

 

 

 

 

 

 

 

 

 

Annual  accounts

30-09-2016

%

30-09-2015

%

30-09-2014

%

30-09-2013

%

30-09-2012

Weeks

52

 

52

 

52

 

52

 

52

Currency

EUR

 

EUR

 

EUR

 

EUR

 

EUR

Total  fixed  assets

7,672,670

-15.92

9,125,034

-1.37

9,252,203

-15.38

10,933,338

-7.23

11,785,773

Intangible  fixed  assets

5,893,313

-12.47

6,733,249

7.30

6,275,367

-6.67

6,724,057

-18.10

8,210,152

Tangible  fixed  assets

1,679,668

-15.33

1,983,857

-23.33

2,587,675

-31.01

3,750,787

12.35

3,338,351

Land  &  building

10,517

-7.33

11,348

-6.82

12,179

-6.38

13,009

-6.00

13,840

Plant  &  machinery

1,481,017

-4.61

1,552,607

-36.78

2,455,755

-19.50

3,050,777

0.32

3,041,193

Furniture  &  Vehicles

54,134

-31.71

79,273

-24.08

104,420

-19.26

129,330

-15.07

152,285

Leasing  &  Other  Similar

0

-

0

-

0

-100

3,554

-71.23

12,354

Rights

 

 

 

 

 

 

 

 

 

Other  tangible  assets

134,000

-60.66

340,629

2123

15,321

-97.24

554,117

366

118,679

Financial  fixed  assets

99,689

-75.56

407,928

4.82

389,161

-15.12

458,494

93.24

237,270

Total  current  assets

124,320,812

16.07

107,105,431

3.82

103,169,407

-1.37

104,602,822

-3.89

108,833,773

Inventories

344,344

499

57,452

-61.90

150,774

25.48

120,157

-59.43

296,178

Raw  materials  &

0

-

0

-

0

-

0

-

0

consumables

 

 

 

 

 

 

 

 

 

Work  in  progress

0

-

0

-

0

-

0

-

0

Finished  goods

344,344

499

57,452

-61.90

150,774

25.48

120,157

-59.43

296,178

Other  stocks

0

-

0

-

0

-

0

-

0

Trade  debtors

113,815,354

11.55

102,029,874

5.62

96,600,259

22.26

79,013,354

-16.47

94,588,151

Other  amounts  receivable

9,470,540

173

3,465,113

-40.01

5,776,311

-75.41

23,491,372

93.72

12,126,229

Cash

15,420

-98.62

1,117,784

6435

17,104

-38.49

27,805

70.61

16,297

Miscellaneous  current

675,154

55.13

435,208

-30.36

624,959

-57.78

1,480,134

10.71

1,336,918

assets

 

 

 

 

 

 

 

 

 

Total  Assets

131,993,482

13.56

116,230,465

3.39

112,421,610

-2.70

115,536,160

-4.21

120,619,546

 

Liabilities

 

 

 

 

 

 

 

 

 

Total  shareholders  equity

-96,656,825

-3.31

-93,555,921

95.06

-98,416,464

-9.05

-90,245,624

97.77

-92,307,129

Issued  share  capital

15,130,751

0.00

15,130,751

0

15,130,751

0.00

15,130,751

0

15,130,751

Share  premium  account

0

-

0

-

0

-

0

-

0

Revaluation  reserve

0

-

0

-

0

-

0

-

0

Reserves

-111,787,576

-2.85

-108,686,673

95.72

-113,547,215

-7.75

-105,376,375

98.08

-107,437,880

Provisions  for  Liabilities &  Charges

2,390,875

-

0

-

0

-100

994,000

2269

41,955

Deffered  taxes

0

-

0

-

0

-

0

-

0

Creditors

226,259,432

7.85

209,786,387

-0.50

210,838,073

2.95

204,787,784

-3.80

212,884,720

Other  long  term  loans

0

-

0

-

0

-

0

-100

6,145

Other  long  term  liabilities

0

-

0

-

0

-

0

-

0

Total  long  term  debts

2,390,875

-

0

-

0

-100

994,000

1966

48,100

Current  portion  of  long

0

-100

20,000,000

-31.03

29,000,000

-42.01

50,007,631

56.23

32,009,036

term  debt

 

 

 

 

 

 

 

 

 

Financial  debts

52,000,000

-

0

-

0

-

0

-100

9,504,289

Trade  creditors

122,557,910

-4.18

127,910,799

-3.80

132,960,340

17.93

112,749,671

-11.22

126,999,644

Amounts  Payable  for

17,086,092

-19.83

21,311,668

99

10,669,510

18.29

9,020,088

-17.09

10,879,863

Taxes,  Remuneration  &

 

 

 

 

 

 

 

 

 

Social  Security

 

 

 

 

 

 

 

 

 

Miscellaneous  current

34,615,430

-14.66

40,563,920

6.17

38,208,223

15.75

33,010,394

-1.42

33,485,743

liabilities

 

 

 

 

 

 

 

 

 

Total  current  liabilities

226,259,432

7.85

209,786,387

-0.50

210,838,073

2.95

204,787,784

-3.80

212,878,575

Total  Liabilities

131,993,482

13.56

116,230,465

3.39

112,421,610

-2.70

115,536,160

-4.21

120,619,546

 

Ratio  analysis

 

 

 

 

 

 

 

 

 

TRADING  PERFORMANCE

 

 

 

 

 

 

 

 

 

Profit  Before  Tax

-0.15

-287

0.08

16.00

-0.50

-554

0.11

120

0.05

Return  on  capital employed

3.23

167

-1.93

-121

8.80

392

-2.24

-140

-0.93

Return  on  total  assets employed

-2.31

-249

1.55

20.13

-7.70

-545

1.73

143

0.71

Return  on  net  assets employed

3.15

163

-1.93

-121

8.80

396

-2.22

-138

-0.93

Sales  /  net  working capital

-20.43

98.65

-20.71

-29.36

-16.01

91.43

-17.51

96.58

-18.13

Stock  turnover  ratio

0.02

-

0.00

-100

0.01

0

0.01

-50.0

0.02

Creditor  days

21.45

-2.54

22.01

-21.53

28.05

19.31

23.51

-4.43

24.60

Debtor  days

19.94

13.81

17.52

-14.37

20.46

24.45

16.44

-10.16

18.30

SHORT  TERM  STABILITY

 

 

 

 

 

 

 

 

 

Current  ratio

0.55

7.84

0.51

4.08

0.49

-3.92

0.51

0

0.51

Liquidity  ratio  /  acid  ratio

0.55

7.84

0.51

4.08

0.49

-3.92

0.51

0

0.51

Current  debt  ratio

-2.34

-4.46

-2.24

-4.67

-2.14

94.27

-2.27

98.27

-2.31

Cashflow

-706,046

-108

8,011,842

47.60

5,428,144

-24.12

7,153,517

2.89

6,952,750

Net  worth

-102,550,138

-2.25

-100,289,170

95.79

-104,691,831

-7.96

-96,969,681

96.47

-100,517,281

LONG  TERM  STABILITY

 

 

 

 

 

 

 

 

 

Gearing

-53.80

-151

-21.38

72.55

-29.47

53.19

-55.41

-23.19

-44.98

Equity  in  percentage

-76.65

89.71

-85.44

92.15

-92.72

-11.79

-82.94

-1.00

-82.12

Total  debt  ratio

-2.37

-5.80

-2.24

-4.67

-2.14

93.86

-2.28

98.70

-2.31

Working  capital

-101,938,620

99

-102,680,956

95.37

-107,668,666

-7.47

-100,184,962

96.29

-104,044,802

 

Profit  &  loss

 

 

 

 

 

 

 

 

 

Operating  Income

2,228,379,152

-1.42

2,260,477,578

21.12

1,866,249,864

-3.01

1,924,166,967

-6.07

2,048,604,973

Turnover

2,083,014,592

-2.03

2,126,068,461

23.37

1,723,279,753

-1.75

1,753,971,070

-7.04

1,886,708,217

Total  operating

2,085,013,810

-1.72

2,121,579,350

22.61

1,730,333,763

-1.16

1,750,606,356

-7.09

1,884,127,301

expenses

 

 

 

 

 

 

 

 

 

Gross  Operating Margin

-

-

-

-

 

-

-

-

-

Operating  Charges

2,230,378,370

-1.14

2,255,988,467

20.43

1,873,303,874

-2.47

1,920,802,253

-6.12

2,046,024,057

Employee  costs

17,308,059

28.81

13,436,459

-14.20

15,660,356

-1.04

15,825,417

-12.56

18,097,710

Wages  and  salary

13,620,045

31.33

10,370,992

-9.60

11,471,747

-4.42

12,001,684

-8.02

13,048,764

Employee  pension costs

-

-

-

-

-

-

-

-

-

Social  security contributions

2,423,467

7.21

2,260,468

-23.73

2,963,899

24.94

2,372,226

-26.48

3,226,514

Other  employee costs

1,264,547

57.09

804,999

-34.27

1,224,710

-15.62

1,451,507

-20.35

1,822,432

Director

1,225,619

30.74

937,480

53.03

612,632

4.54

586,013

6.72

549,133

remuneration

 

 

 

 

 

 

 

 

 

Amortization  and depreciation

2,394,858

-24.00

3,151,300

-76.83

13,598,983

167

5,092,013

-15.69

6,039,308

Operating  result

-1,999,218

-144

4,489,111

63.64

-7,054,010

-309

3,364,714

30.37

2,580,916

Total  financial income

34,151,673

6.15

32,172,701

47.06

21,877,147

-5.74

23,209,866

-12.90

26,646,360

Total  financial expenses

35,200,695

0.98

34,859,254

48.43

23,484,568

-4.43

24,573,777

-13.38

28,369,734

Results  on ordinary  operations  before taxation

-3,048,240

-269

1,802,558

20.81

-8,661,430

-532

2,000,803

133

857,542

Extraordinary

Income

 

2,900,033

-41.83

4,985,551

82.69

2,728,967

74.34

1,565,331

-1.29

1,585,826

Extraordinary Charges

 

2,949,507

49.11

1,978,013

-9.27

2,180,044

45.29

1,500,501

-1.67

1,526,005

Extraordinary

-49,474

-101

3,007,538

447

548,923

746

64,830

8.37

59,821

items

 

 

 

 

 

 

 

 

 

Results  for  the Year  Before Taxation

-3,097,714

-164

4,810,096

59.29

-8,112,508

-492

2,065,633

125

917,363

Taxation

3,190

6.32

-50,446

-186

58,331

1312

4,129

5.30

3,921

Results  on ordinary operations  after taxation

-3,051,430

-264

1,853,004

21.25

-8,719,762

-536

1,996,674

133

853,621

Net  result

-3,100,904

-163

4,860,542

59.49

-8,170,839

-496

2,061,504

125

913,442

Profit  (Loss)  for the  Year  to  be appropiated

-3,100,904

-163

4,860,542

59.49

-8,170,839

-496

2,061,504

125

913,442

Dividends

-

-

-

-

-

-

-

-

-

 

 

Social Balance Sheet Details

                                                         

Social  Balance  Sheet

Total

During  the  reporting  year

 

ended  30-09-2016

 

Full-time  Employees

63

Part-time  Employees

5

Total  Fte  Employees

66

Number  of  hours  worked

 

Full-time  Employees

104,762

Part-time  Employees

5,937

Total

110,699

Personnel  Charges

 

Full-time  Employees

16,595,657

Part-time  Employees

712,402

Total

17,308,059

Benefits  In  Addition  To  Wages

-

During  the  previous  reporting  year

 

Average  number  employees  in  Fte

65

Actual  working  hours

107,918

Personnel  Charges

13,436,459

Benefits  In  Addition  To  Wages

-

 

Type  of  Contract

Full-Time

Part-Time

Total  Fte

Unlimited  Duration

66

4

69

Contracts

 

 

 

Limited  Duration  Contracts

-

-

-

Contracts  For  Specific  Work

-

-

-

Contracts  Regarding

-

-

-

Substitution

 

 

 

 

Gender  and  Education

 

 

 

Level

 

 

 

Men

Full-Time

Part-Time

Total  Fte

Primary  education

-

-

-

Secondairy  education

-

-

-

Higher  education  (non

-

-

-

university)

 

 

 

Higher  education

38

-

38

(university)

 

 

 

Women

Full-Time

Part-Time

Total  Fte

Primary  education

-

-

-

Secondairy  education

-

-

-

Higher  education  (non

-

-

-

university)

 

 

 

Higher  education

28

4

31

(university)

 

 

 

 

Working  Category

Full-Time

Part-Time

Total  Fte

Management

-

-

-

White  collar  worker

63

4

66

Blue  collar  worker

3

-

3

Other

-

-

-

 

 

Temporary  personnel

Total

Average  number  of  temporary  staff

-

Actual  working  hours

-

Cost  of  temporary  staff

-

 

New  staff  and  leavers

Full-Time

Part-Time

Total  Fte

New  Starters

12

-

12

Leavers

7

1

8

 

Total  of  formal  continuing  vocational  training  initiatives

 

 

for  workers  paid  by  the  employer

Male

Female

Number  of  employees

40

36

Number  of  training  hours

610

1,268

Net  costs  for  enterprise

116,396

241,951

Total  of  less  formal  and  informal  continuing  vocational

 

 

training  initiatives  for  workers  paid  by  the  employer

Male

Female

Number  of  employees

-

-

Number  of  training  hours

-

-

Net  costs  for  enterprise

-

-

Total  of  initial  training  initiatives  at  the  expense  of  the

 

 

employer

Male

Female

Number  of  employees

-

-

Number  of  training  hours

-

-

Net  costs  for  enterprise

-

-

 

Industry  comparison

 

Activity  code

46492

Activity  description

Wholesale  of  office  and  school  supplies

 

Industry  comparison

 

Activity  code

46492

Activity  description

Wholesale  of  office  and  school  supplies

Industry  average  payment

173.11

expectation  days

 

Industry  average  day  sales

148.63

outstanding

 

 

Industry  quartile  analysis

 

Payment  expectations

 

Company  result

21.45

Lower

101.93

Median

48.26

Upper

19.93

 

 

Company  result

19.94

Lower

98.60

Median

52.34

Upper

21.56

 

 

Shareholder Details              

 

Summary

 

Group  -  Number  of  Companies

11

Linkages  -  Number  of  Companies

49

Number  of  Countries

14

 

Group  Structure

 

 

Company  Name

Number

Latest Financials

- SAPPI  LIMITED

 

 

- - ALBERTCENTRALE  NV

456431619

30-09-2016

- - SAPPI  EUROPE  SA

449654386

30-09-2016

- - - SAPPI  ISTANBUL  KAGIT  VE  TICARIT  LIMITED  ...

 

 

- - - SAPPI  POLSKA  SP.  Z.O.O

 

 

- - SAPPI  INTERNATIONAL  SA

449887582

30-09-2017

- - SAPPI  LANAKEN  NV

420732352

30-09-2016

- - - SAPIN  SA

428979530

30-09-2016

- - - - PARENCO  HOUT  B.V.

09049659

31-12-2016

- - - SAPPI  LANAKEN  PRESS  PAPER  NV

426966779

30-09-2016

- - - - SAPPI  US  HOLDINGS  B.V.

14105710

30-09-2013

 

Minority Shareholders

No minority  shareholders  found

 

 

Minority  Interests

 

 

 

Business Number

Company  name

%

Date  of Accounts

-

SAPPI  EUROPE  IBERICA

5

-

-

SAPPI  ITALIA  SRL

5

-

420732352

SAPPI  LANAKEN  NV

0.01

30/09/2016

 

 

Linked Companies

 

Summary

 

Group  -  Number  of  Companies

11

Linkages  -  Number  of  Companies

49

Number  of  Countries

14

 

Linked  Companies

 

 

 

NAME

NUMBER

LATEST  KEY FINANCIALS

TURNOVER

SAPPI

1936/008963/06

30.09.2017

€3.675.480.602

SAPPI  STOCKSTADT  GMBH

HRB  8118

30.09.2016

€322.872.252

SAPPI  ALFELD  GMBH

HRB  110356

30.09.2016

€310.367.031

SAPPI  EHINGEN  GMBH

HRB  490647

30.09.2016

€204.568.796

SAPPI  BIOCHEMTECH  B.V.

32060200

30.09.2014

-

SAPPI  BIOTECH  GMBH

HRB  10207

30.09.2016

-

SAPPI  DEUTSCHLAND  HOLDING

HRB  110140

30.09.2016

-

GMBH

 

 

 

SAPPI  LOGISTICS  WESEL  GMBH

HRB  10019

30.09.2016

-

SAPPI  DEUTSCHLAND  GMBH

HRB  59586

30.09.2016

€6.880.670

HANNOVER  PAPIER

HRB  110192

30.09.2011

-

PROJEKTIERUNGSGESELLSCHAFT

 

 

 

BLACKBURN  MBH

 

 

 

SAPPI  WARMTE/KRACHT  B.V.

14630189

30.09.2016

-

COREXIM  S.R.L

07307350152

31.12.2014

€557.574

SAPPI  ITALIA  -  S.R.L.

02002110282

30.09.2016

€2.392.600

 

 

 

 

SAPPI  FINLAND  I  OY

22191450

30.09.2017

€66.383.000

SAPPI  FINLAND  OPERATIONS  OY

22191469

30.09.2017

€370.622.000

SAPPI  (UK)  SALES  OFFICE  LTD.

02523638

30.09.2016

£2.431.000

SAPPI  NETHERLANDS  SERVICES

14628401

-

-

B.V

 

 

 

SAPPI  NETHERLANDS  B.V.

14631721

-

-

SAPPI  MAASTRICHT  REAL  ESTATE

14631722

-

-

B.V

 

 

 

SAPPI  EUROPE  IBERICA

B60514478

30.09.2016

€1.047.656

 

Summons                                                                                                  

Legal  event  type

Social  Security  Summons

 

Event  date

02/12/1999

 

Court  type

 

Court  name

Legal  event  type

 

3rd  party  type

 

 

 

Protested  Bills

There  is  no  data  for  this  company

 

Bankruptcy  and  other  legal  events

There  is  no  data  for  this  company

 

 

Director details

 

CURRENT DIRECTOR DETAILS

 

Position

Managing  Director

Start  Date

01/04/2007

Street

435 LOUIZALAAN  BRUSSEL

Post  code

1050

Country

Belgium

Name

Berend  Wiersum

Name

Steffen  Wurdinger

Position

Director

Start  Date

01/01/2017

Street

 

Post  code

 

Country

 

Name

STEPHEN  BINNIE

Position

Director

Start  Date

01/07/2014

Street

9 MAXWELL  MACDONOLD  STREET

Post  code

2196

Country

South  Africa

Name

Stephen  Blyth

Position

Director

Start  Date

01/07/2014

Street

66 AV.  DU  BOIS  DE  CHAPELLE  LASNE

Post  code

1380

Country

Belgium

 

 

FORMER  DIRECTOR  DETAILS

 

Name

Hubert  Gebreiter

Position

Managing  Director

Start  Date

15/03/2000

End  Date

01/05/2009

Street

17 SINT-HUBERTUSLAAN  TERVUREN

Post  code

3080

Country

Belgium

Name

Wolfgang  Pfarl

Position

Managing  Director

Start  Date

15/03/2000

End  Date

31/03/2007

Street

3 EKSELBOSLAAN  SINT-GENESIUS-RODE

Post  code

1640

Country

Belgium

Name

Rudolf  Thummer

Position

Managing  Director

Start  Date

30/11/2005

End  Date

31/12/2005

Street

30 CLOS  HOF  TEN  BERGE  BRUSSEL

Post  code

1200

Country

Belgium

Name

MATHIJS  QUAEDVLIEG

Position

Director

Start  Date

01/01/2006

End  Date

01/01/2017

Street

8 Beukstraat  Elsloo

Post  code

 

Country

Netherlands

Name

RALPH  BOETTGER

Position

Director

Start  Date

21/11/2007

End  Date

01/07/2014

Street

1 JB  Chapman  Road  Germiston

Post  code

 

Country

South  Africa

Name

Glen  Pearce

Position

Director

Start  Date

01/05/2008

End  Date

01/07/2014

Street

90 MEZENSTRAAT  BERTEM

Post  code

3061

Country

Belgium

 

 

 

 

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 66.70

UK Pound

1

INR 93.14

Euro

1

INR 81.43

Euro

1

INR 81.41

 

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

PRI

 

 

Report Prepared by :

TPT

                                                


 

RATING EXPLANATIONS

 

Credit Rating

Explanation

Rating Comments

A++

Minimum Risk

Business dealings permissible with minimum risk of default

A+

Low Risk

Business dealings permissible with low risk of default

A

Acceptable Risk

Business dealings permissible with moderate risk of default

B

Medium Risk

Business dealings permissible on a regular monitoring basis

C

Medium High Risk

Business dealings permissible preferably on secured basis

D

High Risk

Business dealing not recommended or on secured terms only

NB

New Business

No recommendation can be done due to business in infancy stage

NT

No Trace

No recommendation can be done as the business is not traceable

 

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

 

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors are as follows:

 

·         Financial condition covering various ratios

·         Company background and operations size

·         Promoters / Management background

·         Payment record

·         Litigation against the subject

·         Industry scenario / competitor analysis

·         Supplier / Customer / Banker review (wherever available)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.